CHARON

Liquidation risk · for the side that borrows

You find out about a liquidation after it happens.
That is fixable.

CHARON computes the exact price at which your position dies, checks with a live quote whether the collateral would actually sell at the size a liquidator would seize, and answers the question nobody else asks: whose state your price is read from, and how often anyone writes to it.

Live, on-chain. It answers about the address you named — and only that one.

An estimate at this moment, not a guarantee. Crypto collateral moves; check your lender before you act. What this is not

cascade · Ethereum · 31 August 2026
Twenty positions sit just above their threshold. The price is read out of a pool.
$0bought the trade that moved the price
0%is how far the 900-second TWAP moved
$0of debt liquidated in twenty minutes
0from the first sale to the last liquidation

Three questions, not one

Everybody sells the first. Almost nobody sells the third. Nobody sells the second.

2.7%

How close you are

An exact integer kill price for every position across the Aave family, Compound forks and Morpho Blue. Not "health 1.02", but how many percent the collateral has to fall.

Who can move you

Through eth_createAccessList — the EVM's own account of which contracts your price is read from, how many storage slots it takes from each, and how often other people's transactions write to them. A price that reads no storage is a function of block time and cannot be pushed. A price read out of a pool's observation ring can be, by trading that pool.

Whether the collateral sells

Not the oracle price — a live route quote at the size that would actually be seized. A position at a comfortable LTV whose collateral has no buyer is not comfortable.

How we know this

CHARON started out as a liquidator. We measured nine chains and found that this side of the table does not pay: the money either settles inside blocks through private orderflow, or it is manufactured by whoever also funds the liquidator. In that cascade one wallet sent $1M to the address that moved the price and $4M to the address that did the liquidating, thirty-five blocks apart.

The apparatus that measured it turned out to be worth more than the trade was. It became this service — the same instrument, turned around.

Three capabilities

Federated into AIMarket. Ed25519-signed. They answer about what you name.

curl -s https://charon.independentai.network/ai-market/v2/invoke \
  -H 'content-type: application/json' \
  -d '{"capability_id":"charon.oracle.exposure@v1",
       "input":{"chain":"ethereum","market":"0x1e9d6146…"}}'

There is no "who breaks cheapest" list here, and there will not be one. The engine can produce that table — before that cascade it held $42M sitting within a single 2.8% push of death. Published as a leaderboard it is not a warning, it is a target list.

Plans

The API answers anonymously inside a daily allowance. A plan raises it and turns on alerting — paid in USDC on Base, with the key issued by the checkout itself.

No account, no email, no card. The amount you send is the invoice number, and the key comes back on the page. We store its hash, never the key.

What this is not

CHARON is a supplementary instrument. Read this before you use it to decide anything.

An estimate, not a verdict. Every answer is computed from public on-chain data at the moment you ask, through our own model of each protocol's arithmetic. It is an evaluative reading — a second opinion beside your lender's own interface and your own numbers, and never the only thing you act on.

Crypto collateral is volatile. A price can move further in one minute than a daily reading assumes over a week, and an oracle can be updated — or deliberately pushed — between two of our reads. A watch is best effort: it goes out when we manage to read the chain and reach you, and it is never a promise that you will be warned in time, or at all. Being liquidated is an ordinary outcome of borrowing against a volatile asset, and you can lose all of the collateral.

We see what the public chain will tell us. A market we do not index, a chain we do not serve, or a protocol that prices collateral differently reads as missing rather than as safe. A route quote is a quote, not a fill.

Nothing here is advice. Not investment, financial, tax or legal advice, and no answer is warranted fit for any purpose. The position, the keys and the decision stay yours.